OVER 25 MILLION PHONES STOLEN IN ONE YEAR- FG. (PHOTO).

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 Over 25 million phones stolen in one year – FG The Crime Experience and Security Perception Survey report of the National Bureau of Statistics, a Federal Government agency, shows that Nigeria recorded 25.35 million phone theft cases between May 2023 and April 2024. According to the report, this was the most common type of crime within the period under review. The report read, “The number of crimes experienced by individuals in Nigeria was analysed over a period of time. The results show that theft of phones (25,354,417) was the most common crime experienced by individuals, followed by consumer fraud (12,107,210) and assault (8,453,258). However, hijacking of cars (333,349) was the least crime experienced by individuals within the reference period.” It also noted that most phone theft cases occurred either at home or in a public place, and about 90 per cent of such cases were reported to the police. Despite the high rate of the incident being reported, only about 11.7 per cent of t...
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ACCESS, FBN, FIDELITY... CBN SELLS DOLLARS TO 26 BANKS, DISQUALIFIES SIX. (PHOTO).

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 Access, FBN, Fidelity… CBN sells dollars to 26 banks, disqualifies six


The Central Bank of Nigeria (CBN) says it sold foreign exchange (FX) to banks worth $876.26 million at N1,495 per dollar.

According to a statement dated August 7, signed by Omolara Omotunde Duke, CBN’s director of the financial markets department, the apex bank said the auction aimed to reduce demand pressure in the FX market and promote price discovery.

The CBN said the transaction was conducted through a retail Dutch auction system (rDAS).

According to the apex bank, while bids valued at $876.26 million from 26 banks qualified, bids from six banks were disqualified.

The CBN said four banks missed the deadline and two did not provide bids in their submitted templates.

Below is the full list of successful and unsuccessful bids.


$SUCCESSFUL BIDS:


S/N BANK SUCCESSFUL BIDS ($)

1. Access       79,092,862.79

2. Citi       12,001,875.89

3. Coronation        4,474,753.38

4. Ecobank        5,320,365.25

5. FBN       228,994,949.57

6. FBN Quest        5,089,359.92

7 Fidelity        43,616,742.68

8. FSDH        1,999,399.52

9. Globus       11,070,395.30

10. Greenwich             17,21.40

11. GTB         29,543,429.06

12. Jaiz         16,708,748.35

13. Keystone           4,635,899

14. Lotus           4,024,818.31

15. Nova            2,098,539.51

16. Parallex              548,052.17

17. Polaris             10,440,523.75

18. Providus             11,453,580.97

19. Signature                 551,753

20. Stanchart            28,429,525.73

21. Sterling            14,397,359.41

22. Taj             19,107,550.88

23. Titan                790.78

24. Union             13,268,519.66

25. Unity                616,138.33

26. Zenith              267,862,855.69

Total              815,362,006.30

DISQUALIFIED BANKS 


S/N BANK AMOUNT  REMARKS

1 UBA     13,213,785.91 Late submission

2 FCMB 178,652,316.84 Late submission

3 Stanbic 57,857,408.12 Late submission

4 Wema 21,940,547.84 Late submission

5 Suntrust 7,379,787.50 No bid rates

6 Rand 0 No bid received

Total 279,043,846.21

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